We recently published our Consumer Response Annual Report, which provides an overview of the complaints we received in 2016.
New data shows payday and
similar loans lead to consumers trapped in debt and our proposed rule aims to
help those consumers.
New data shows payday and similar loans lead to consumers trapped in debt and our proposed rule aims to help those consumers.
Join the CFPB’s Consumer Advisory Board for a meeting with Director Cordray where we will discuss an auto lending education initiative, trends and themes, and payday lending.
The hearing will feature remarks from CFPB Director Richard Cordray as well as testimony from consumer groups, industry representatives, and members of the public.
We recently released a study about payments for online payday loans and other high-cost online loans and their effects on consumers. We found that online lenders’ repeated attempts to debit payments from a borrower’s checking account add significant costs to online payday loans.
An important part of the CFPB’s mandate from Congress is to make rules governing consumer finance markets more effective and to create new rules when warranted. Today, we’re posting a semiannual update of our rulemaking agenda as part of the federal government’s Unified Agenda of Regulatory and Deregulatory Actions.
Since 2011, we have secured over $10.8 billion dollars in relief for more than 25 million consumers harmed by illegal practices.
Join us for a Consumer Advisory Board meeting with Director Cordray on Thursday, June 18 from 10 a.m. to 4 p.m. CST. During this meeting we will discuss trends and themes in consumer financial markets and recent proposals related to payday loans, auto-title loans, and other longer term credit products.
An important part of our mandate is to make rules more effective and create new rules when necessary. Today, we’re posting a semi-annual update of our rulemaking agenda as part of the federal government’s Unified Agenda of Regulatory and Deregulatory Actions.